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Cable Update (GBPUSD)

  • #275,961
  • Apr 11, 2011 4:32am Apr 11, 2011 4:32am
Quoting mdrive
buying at 6330 sl 6289 TP 6390
Maybe it's too early but I feel that london has failed to push the Bull Up , so I think it will resume the downtrend until US session.
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  • #275,962
  • Apr 11, 2011 4:41am Apr 11, 2011 4:41am
Long 25lots @ 1.6350
To Your Success!!
  • #275,963
  • Apr 11, 2011 4:43am Apr 11, 2011 4:43am
Quoting Mrleeforex
Maybe it's too early but I feel that london has failed to push the Bull Up , so I think it will resume the downtrend until US session.
Probably it's better if we wait until US session, I'd say that anything can still happen. After all, this is Forex.

Quoting ndsouz
Long 25lots @ 1.6350
You're courageous. That's a lot of money.
  • #275,964
  • Apr 11, 2011 4:49am Apr 11, 2011 4:49am
Quoting ndsouz
Long 25lots @ 1.6350
Just like that? No emergency stop to go with the large trade?
Thank You
  • #275,965
  • Apr 11, 2011 4:50am Apr 11, 2011 4:50am
Hi

I have GBPUSD sell order at 1,6348 with TP at 1,623
  • #275,966
  • Apr 11, 2011 4:50am Apr 11, 2011 4:50am
Now watch my question being ignored till that trade turns green bigtime
Thank You
  • #275,967
  • Apr 11, 2011 4:53am Apr 11, 2011 4:53am
Quoting wormboy
Now watch my question being ignored till that trade turns green bigtime
"Millionaires don't use astrology, billionaires do"
  • #275,968
  • Apr 11, 2011 4:54am Apr 11, 2011 4:54am
Quoting wormboy
Just like that? No emergency stop to go with the large trade?
off-course SL-1.6199 , if it goes below 1.6280 i may enter more 25lots buy again.

I'm expecting gbpusd 1.65 area
To Your Success!!
  • #275,969
  • Apr 11, 2011 4:56am Apr 11, 2011 4:56am
Quoting ndsouz
off-course SL-1.6199 , if it goes below 1.6280 i may enter more 25lots buy again.

I'm expecting gbpusd 1.65 area
$37,000.00 stop?

I'm not worthy
Thank You
  • #275,970
  • Apr 11, 2011 4:56am Apr 11, 2011 4:56am
Quoting wormboy
Now watch my question being ignored till that trade turns green bigtime
From his previous posts, I'd say that he has a very high risk appetite. I can't trade like he does.
  • #275,971
  • Apr 11, 2011 4:57am Apr 11, 2011 4:57am
Quoting ndsouz
off-course SL-1.6199 , if it goes below 1.6280 i may enter more 25lots buy again.

I'm expecting gbpusd 1.65 area
wow unlimited funds! but I do think it will reach 65 by this week.
  • #275,972
  • Apr 11, 2011 4:59am Apr 11, 2011 4:59am
err by the way, price is still sandwiched in between the daily pivot @6374 & the weekly pivot @6303

Very brave to go all guns blazing before the breakout imo.
I'm still not worthy
Thank You
  • #275,973
  • Apr 11, 2011 5:06am Apr 11, 2011 5:06am
I am buying in Dips only. This way even if i make mistakes, it will be corrected within the next session. I will continue to do that until it reaches 16450-16500 range. I will not short even if i see any resistance on the chart as they are meant to be broken on a uptrend.
  • #275,974
  • Apr 11, 2011 5:10am Apr 11, 2011 5:10am
  •  ams
  • | Joined Apr 2009 | Status: Perspective,Position,Plan ,Pattern | 2,859 Posts
He has got million dollar monopoly account money, not just few hundred thousands peanuts like you & me



Quoting wormboy
$37,000.00 stop?

I'm not worthy
  • #275,975
  • Apr 11, 2011 5:10am Apr 11, 2011 5:10am
Quoting 0rPhioZ
From his previous posts, I'd say that he has a very high risk appetite. I can't trade like he does.
I'm not a high risk trader, infact i start every month with 100,000 and my max drawdown for the whole month is 20% or 20,000. In case i reached my max drawdown, i go with smallest lot sizes like 1-3lots till its recovered and start again.

After i make some profits then i start increasing lot size and risking the profits to make more profit. My target limit is 200,000 profit per month though .
To Your Success!!
  • #275,976
  • Apr 11, 2011 5:16am Apr 11, 2011 5:16am
Quoting ndsouz
I'm not a high risk trader, infact i start every month with 100,000 and my max drawdown for the whole month is 20% or 20,000. In case i reached my max drawdown, i go with smallest lot sizes like 1-3lots till its recovered and start again.

After i make some profits then i start increasing lot size and risking the profits to make more profit. My target limit is 200,000 profit per month though .
your stop at 25 standard lot at 1.6199, you buy at 1.6350, it is 151 pips that must be $37,750. that's definitely more than 20,000.
yesterday was good, today is the best, tomorrow is amazing.....
  • #275,977
  • Apr 11, 2011 5:17am Apr 11, 2011 5:17am
Quoting danielabas
your stop at 25 standard lot at 1.6199, you buy at 1.6350, it is 151 pips that must be $37,750. that's definitely more than 20,000.
I made 75000 last week, so even if i lose this trade I'm still not close to drawdown..

The area im watching is 1.6239.. because 1.6260 has been a support area on two occassions last week. if it breaks that and breaks 1.6239.. then its not an uptrend for sure.
To Your Success!!
  • #275,978
  • Apr 11, 2011 5:17am Apr 11, 2011 5:17am
Quoting mdrive
I am buying in Dips only. This way even if i make mistakes, it will be corrected within the next session. I will continue to do that until it reaches 16450-16500 range. I will not short even if i see any resistance on the chart as they are meant to be broken on a uptrend.
I do expect for 16500 it's just I feel it's impossible for today . The Bull is not strong enough . I don't know the reason behind this , maybe just because US government is not shutting down ?? hmm...
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  • #275,979
  • Apr 11, 2011 5:20am Apr 11, 2011 5:20am
Quoting mdrive
I am buying in Dips only. This way even if i make mistakes, it will be corrected within the next session. I will continue to do that until it reaches 16450-16500 range. I will not short even if i see any resistance on the chart as they are meant to be broken on a uptrend.
This is good winning strategy. Are you in right now?
  • #275,980
  • Apr 11, 2011 5:30am Apr 11, 2011 5:30am
I closed (trailing) my previous long at 6360 and bought again at 6348
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